Tuesday, June 29, 2010

Labour MP Calls For Germany To Quit The Euro

Gisela Stuart, Labour MP for Edgbaston wrote this -

For a generation of German politicians, "Europe" has been a way of slaying the ghosts of the past. This may be understandable, even honourable, but the results have not always been good for Germany or Europe. Chancellor Helmut Kohl overrode the Bundesbank (and the majority of Germans) in the name of "Europe" when the euro replaced the deutschmark. After barely a decade, Economic and Monetary Union (EMU) is facing its biggest crisis and Germany is again under pressure to come to the rescue, in the name of Europe.

In fact, in this instance, the interests of Germany and Europe are the same: Germany should leave the euro.

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